Exploding Topics - ET: April 19th 2022

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Here’s this week’s list of rapidly trending topics, insights and analysis.

Topic #1

GitOps

Searches for “GitOps” are up 96% over the last 12 months.

What is it?

GitOps is an operational framework used for infrastructure automation.

In other words, GitOps applies the same best practices used in DevOps to infrastructure.

The reason for growing interest in the practice is that GitOps can lead to increased productivity, higher reliability and better stability.

For example, a London-based financial services company saw a 50% increase in their production speed after implementing GitOps.

What's next:
GitOps is part of the Infrastructure as Code (IaC) meta trend.

IaC refers to the process of manipulating infrastructure through code vs. manual intervention.

IaC is expected to grow at a similar CAGR as the entire DevOps market (22.9% through 2027).

The mainstreaming of cloud practices and the continued increase in adoption of DevSecOps are two main drivers of accelerating IaC growth.

Topic #2

Fngeen

Fngeen is a DTC watch manufacturer focused on the budget watch market.

(Each watch costs less than $40.)

Fngeen is trending largely because their cheap watches are designed to look like luxury watches.

One of Fngeen’s best-selling watches is the New Golden watch. Over 700 units have already been sold via their AliExpress store.

What's next:
Fngeen is part of the DTC Timepieces meta trend.

The global watch market is forecasted to grow at a CAGR of 13% through 2025.

DTC is set to be the main driver of that growth (CAGR of 14%).

Rinsmola, Donerton and Kalinco are examples of trending DTC timepiece startups.

Topic #3

Hyperautomation

Hyperautomation is the use of technologies to scale the automation of processes within an organization.

One example of hyperautomation is the usage of Optical Character Recognition (OCR) to understand documents.

The global hyperautomation market is expected to reach $2.2B by 2028 (a CAGR of 18.25%).

Hyperautomation technology in the manufacturing industry is set to be a significant driver of this growth.

What's next:
Hyperautomation is part of the Robotic Process Automation (RPA) Technology meta trend.

According to Gartner, 80% of finance executives have made plans to implement RPA within their organization.

And Deloitte estimates that 78% of the companies that have already implemented RPA plan to significantly increase investment in this area in the next three years.

Which explains why the global RPA market is forecasted to grow at a CAGR of 32.8% through 2028.

And, as Deloitte puts it, if this growth trend continues, RPA will approach a “near universal adoption” within the next 5 years.

Topic #4

CoverManager

CoverManager is a hospitality management platform that handles reservations, cancellations, waitlists and online and dine-in food orders.

Most restaurant software platforms are designed for casual dining or delivery. What makes CoverManager unique is that they focus on high-end bars and restaurants.

(In fact, 40 of their customers are Michelin Star restaurants.)

According to the startup, the platform is currently used by 3,500 food service businesses.

What's next:
CoverManager is part of the Smart Hospitality meta trend.

The global smart hospitality market is forecasted to grow at a CAGR of 24.3% through 2026.

Here are a few examples of trending smart hospitality startups:

Cuyna is a restaurant tech startup for ghost kitchens. The startup has raised $3.65M in funding.

Pirpos is a cloud-based Point of Sale system for restaurants.

Supy is an order processing system for restaurants. Supy raised $1.5M in an angel funding round.